Swiggy, the Indian food delivery giant, is making waves with its recent announcement to launch an Initial Public Offering (IPO) on November 6. This ambitious move, estimated to raise Rs 12,000 crore, includes a Rs 3,750 crore fresh issue and a sizeable offer for sale (OFS) by existing investors, positioning Swiggy as a formidable player […]
Drip Capital, a digital trade finance platform headquartered in Palo Alto, California, with significant operations in India, has raised $113 million in a new funding round. This capital infusion includes $23 million in equity from Japanese institutional investors, GMO Payment Gateway and Sumitomo Mitsui Banking Corporation, and $90 million in debt financing led by the […]
Deepnote, the innovative AI-powered data workspace, has announced its acquisition of Hyperquery, a notable competitor in the data science and analytics industry. This strategic move represents a significant leap for Deepnote in its quest to revolutionise data democratization. By integrating Hyperquery’s capabilities, Deepnote aims to solidify its position as a central hub for collaborative data […]
Rhythms, an AI-powered enterprise productivity startup, has made a significant leap in the tech world with its recent announcement of securing $26 million in seed funding. This notable funding round was co-led by Greenoaks and Madrona, with participation from Accel, Cercano (formerly Vulcan), and Founders’ Co-op. Notably, all these investors were also involved in industry […]
Synthesia, a London-based artificial intelligence (AI) video creation platform, has successfully raised $90 million in a Series C funding round led by Accel. The Series C round, which also drew investment from NVIDIA’s venture capital arm NVentures, has boosted Synthesia’s valuation to $1 billion. Additionally, the round had participation from existing investors GV, Kleiner Perkins, Alex […]